Price reacting above recent swing low and approaching 1st resistance at 0.76283. Technical indicators are calling for room for further bearish downside with price holding below descending trendline resistance. A short term intraday drop towards 1st support at 0.75798 can be expected.
Trading Recommendation
Entry: 0.76283
Reason for Entry:
23.6% Fibonacci retracement, Moving average resistance
Take Profit: 0.75798
Reason for Take Profit:
Graphical swing low
Stop Loss: 0.76672
Reason for Stop Loss:
50% FIbonacci retracement, Descending trendline resistance
